The dollar is rising against the background of misgiving to second wave of the pandemic. EURUSD

Today, may 12, 2020, the dollar rose in Asia amid rising income increase of us Treasury bonds, and fears about the second wave of the pandemic COVID-19.

 

South Korea was discovered 27 new cases of infection with coronavirus as of may 11. According to preliminary data, a new wave of diseases are associated with night life in the clubs Itaewon, this led to the fact that the government was forced to postpone the reopening of secondary schools this year.

 

The US dollar index, which tracks its rate against a basket of other currencies, rose 0.06% to 100,330 in 23:26 Eastern time (04:26 UTC). As he said in an interview with Sean callow, analyst at Westpac FX's “it's a little supports yield (dollar) and generally means a return of nervousness”, adding after “April surge in riskier currencies fades. We don't think the recovery is going in a straight line”.

 

USD/JPY was down 0.26% to 107,38, while the yen has lost about 1% while in the lower range, which she holds from mid-April. GBP/USD fell 0.12% to 1,2320 even after the Cabinet of Prime Minister Boris Johnson has released a 50-page economic recovery plan, which was immediately published.

 

Foreign exchange and global macrostrategy company Arkera Very Patel said - “a mixed start to the week for the pound and careful loosening of quarantine in the UK, announced by the Prime Minister, Johnson, had no significant impact on the currency after its initial growth in early trading in Asia. Instead, the dollar supports the growth of yields on Treasury securities of the United States.”

 

The USD/CNY fell by 0.02% to 7,0956 due to the fact that the published data of consumer price inflation in China was significantly below analysts ' forecasts. On a monthly basis, the consumer price index for April fell 0.9%, and Vice versa for the year rose 3.3%. The producer price index for April decreased by 3.1% yoy.

 

The price of The currency pair AUD/USD was down 0.62% to 0,6448, while the Australian dollar''s recent rise, after a local newspaper reported that China has suspended meat imports part of Australian producers. NZD/USD slid 0.18% to 0,6068.

12 May, 2020
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